Concentrated Photovoltaics (CPV) That Can Deliver $60/MWh?!

This article has been reposted from Renew Economy (image added) . A new Australian solar start-up predicts that its concentrated solar photovoltaic technology (CPV) will undercut both conventional flat plate solar PV technologies and fossil fuel technologies. The Melbourne-based RayGen Resources has raised $1.6 million in a funding round from private investors, including software entrepreneur Craig Winkler, which will allow it to match grants from the Victorian government and the Australian Solar Institute (totalling $2.75 million). This money will be used to build a 2kW prototype and then a 200kW pilot plant – touted to be the first commercial design in the world to combine high efficiency solar cells with a low cost heliostat collector systems. It predicts that it can bring costs from CSP to $60 a megawatt hour and below. Sun shining through clouds via Shutterstock The A...